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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.28

+3.8%

Nov 28 4:00 PM EST

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To: scotty who wrote (6091)	1/17/1998 2:23:00 PM
From: Crimson Ghost	Read Replies (1) of 116790

Scotty: I'm certainly bullish but am not counting on the mother of all short squeezes. The specs have been heavily short (correctly so) all the way down. I suspect the smart ones already are starting to cover and some may actually be long by the time the yellow breaks out decisively. Let's face it -- the shorts have been the smart money in this market for the past 2 years. If Republic National Bank actually is covering its shorts as reported by USA GOLD, that would be very bullish indeed.

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